IDB earmarks US$3.7 billion in loans for private sector

The Inter-American Development Bank (IDB) aims issue US$3.7 billion in loans to the private sector next year, said Steven J. Puig, the bank's vice president for private-sector lending.

Monday, June 30, 2008

Puig added that the IDB also hopes to increase its presence in Central America and the Caribbean. Two new officials are being hired in El Salvador to handle lending to major companies and small businesses respectively.
Staff would also be added in other Central American countries as the IDB attempts to diversify from the large nations that have traditionally been the focus of its activities, Puig added.

More on this topic

Costa Rica Could Receive Up To $1,060 million from the IDB

August 2011

The Inter-American Development Bank has approved a new Country Strategy, which has a financial framework of between $700 and $1.060 million for the period 2011-2014.

The strategy will focus on sectors that remain obstacles to the growth of the country such as transport, energy, early childhood development and innovation.

IDB Positive on Nicaragua

May 2011

The improvement in competitiveness and support of the private sector are some of the positive elements being noticed by the entity.

The improvements observed by the Interamerican Development Bank (BID is Spanish) in the country have led to an increase of funding granted to private sector projects, exceeding the average amount given to other countries in the region.

Honduras: $27 Million for Agriculture Projects

January 2010

The Inter-American Development Bank (IDB) will loan $27 million to a program fostering rural business.

The funds are earmarked for the departments of Olancho, El Paraíso, Colón and Gracias a Dios, and intended to fund projects by small producers. It is part of the National Program for Sustainable Rural Development (Pronaders).

IDB Increases Support to Central America

March 2009

During a meeting of Governors, IDB President Luis Alberto Moreno announced that the entity will increase its support to countries in the region.

Proceso Digital published on its website: "’At this juncture, we have to lend more and that is our obligation and why we are here,' said the head of the IDB in his opening speech.

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